ADVENTURE THOR AS: årsregnskap 2018 vs 2017
Shrank 49% on revenue, slipped into loss, cash halved-plus
approved 2019-06-16; registry 2019-06-18; journal 2019 527752
Summary
What changed
Comparing Årsregnskap 2018 with 2017 for ADVENTURE THOR AS. Revenue 533.4k NOK → 270.0k NOK (-49.4%). Net result +11.1k NOK → -16.1k NOK. Equity 61.2k NOK → 45.1k NOK.
On the constructive side: owners injected capital; payroll decreased. Pressures included: revenue fell; fell into a net loss; equity eroded.
Net tougher year on the published lines.
At a glance
Scorecard
What improved
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Owners injected capital
Paid-in equity rose 30.0k NOK → 45.1k NOK (+15.1k NOK). Reported fact
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Payroll decreased
Salary cost 502.6k NOK → 264.3k NOK (94% → 98% of revenue). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 533.4k NOK to 270.0k NOK (-49.4% YoY). Calculated
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Fell into a net loss
Net result flipped from 11.1k NOK profit to a loss of 16.1k NOK. Calculated
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↓
Equity eroded
Book equity 61.2k NOK → 45.1k NOK (equity ratio 14.9% → 39.4%). Calculated
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Cash fell
Bank deposits 310.7k NOK → 114.2k NOK (-63.2% YoY). Calculated